1y return+19.4%S&P 500 +20.9%
3y return+80.7%S&P 500 +68.5%
5y return+74.3%S&P 500 +74.5%
10y return+215.2%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $315 against $357 in the S&P 500.2
M&T Bank CorpS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| IWFIshares Tr | $1.5B | 4.3% | +11.3% |
| IEFAIshares Tr | $1.4B | 4.0% | +6.5% |
| AAPLApple Inc | $1.3B | 3.9% | |
| IWBIshares Tr | $1.2B | 3.5% | +3.6% |
| IVVIshares Tr | $1.0B | 3.0% | +8.7% |
| IWDIshares Tr | $919.8M | 2.7% | +7.0% |
| IEMGIshares Inc | $791.8M | 2.3% | +2.9% |
| MSFTMicrosoft Corp | $730.1M | 2.1% | |
| NVDANvidia Corporation | $723.1M | 2.1% | +2.0% |
| GOOGAlphabet Inc | $707.7M | 2.1% | +1.8% |
| QUALIshares Tr | $672.7M | 2.0% | +7.4% |
| IWMIshares Tr | $657.1M | 1.9% | +6.7% |
| JPMJpmorgan Chase & Co | $574.9M | 1.7% | +1.0% |
| AVGOBroadcom Inc | $574.6M | 1.7% | +1.5% |
| IVWIshares Tr | $530.3M | 1.6% | −1.5% |
| AMZNAmazon Com Inc | $498.3M | 1.5% | |
| VEAVanguard Tax-managed Fds | $400.3M | 1.2% | |
| JNJJohnson & Johnson | $392.3M | 1.2% | |
| VOOVanguard Index Fds | $366.4M | 1.1% | +11.8% |
| GOOGLAlphabet Inc | $358.6M | 1.1% | −1.3% |
| SPYState Str Spdr S&p 500 Etf T | $339.9M | 1.0% | −3.8% |
| LLYEli Lilly & Co | $314.1M | 0.9% | +8.9% |
| BNDVanguard Bd Index Fds | $310.9M | 0.9% | +5.4% |
| CSCOCisco Sys Inc | $297.0M | 0.9% | +1.7% |
| TSPAT Rowe Price Exchange-traded | $281.9M | 0.8% | +4.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $723.1M |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $574.6M |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $213.0M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $208.9M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $314.1M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $358.6M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $707.7M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $574.9M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $1.3B |
| COSTCostco Wholesale Corporation | June 30, 2020 | +208.5% | $184.6M |
Sold off last quarter
- Dupont De Nemours IncCUSIP 26614N102 was $71.5M
- Honeywell Intl IncCUSIP 438516106 was $54.7M
- CTRACoterra Energy Inc was $3.4M
- Hologic IncCUSIP 436440101 was $2.1M
- Carnival CorpCUSIP 143658300 was $1.7M
- EMLPFirst Tr Exchange-traded Fd was $753K
- VRRMVerra Mobility Corp was $656K
- PDDPdd Holdings Inc was $644K
- Masimo CorpCUSIP 574795100 was $625K
- CATYCathay Gen Bancorp was $531K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.4% | +14.8% |
| March 31, 2026 | −1.9% | −4.6% |
| December 31, 2025 | +1.9% | +2.4% |
| September 30, 2025 | +7.2% | +7.8% |
| June 30, 2025 | +8.1% | +10.5% |
| March 31, 2025 | +14.6% | −4.6% |
| December 31, 2024 | −0.5% | +2.1% |
| September 30, 2024 | +6.2% | +5.4% |
| June 30, 2024 | +1.6% | +4.0% |
| March 31, 2024 | +7.6% | +10.0% |
| December 31, 2023 | +9.8% | +11.2% |
| September 30, 2023 | −3.8% | −3.6% |
| June 30, 2023 | +5.2% | +8.3% |
| March 31, 2023 | +4.3% | +7.0% |
| December 31, 2022 | +9.0% | +7.1% |
| September 30, 2022 | −6.1% | −5.3% |
| June 30, 2022 | −14.4% | −16.5% |
| March 31, 2022 | −5.2% | −4.9% |
| December 31, 2021 | +7.3% | +10.7% |
| September 30, 2021 | −1.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: M&T Bank Corp Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=36270&type=13F-HR&dateb=&owner=include&count=40CIK 36270
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/36270/000119312526331637/Filed August 4, 2026 · accession 0001193125-26-331637